Business

How politics and economics have their own versions of the Shepherd Problem

How politics and economics have their own versions of the Shepherd Problem

These days everyone is trying to solve two problems: which party will lead the next coalition and when will the economy recover. This reminds me of a problem in mathematics, which is actually not a problem at all. It is called the Shepherd Problem. It goes as follows: “A shepherd is tending 93 goats and seven sheep. How old is […]

NITI Aayog to review progress of standardisation of Metro rail systems

NITI Aayog to review progress of standardisation of Metro rail systems

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} The Ministry of Housing and Urban Affairs has decided to engage to review the progress of standardisation and indigenisation of Metro rail systems being implemented across the country. According to the ministry, the move intends to promote the government's 'Make-in India' initiative while executing in states. An official said the ministry has standardised specifications of rolling stock, signalling […]

Govt to make it mandatory for unlisted cos to issue shares in demat form

Govt to make it mandatory for unlisted cos to issue shares in demat form

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} The government will soon make it mandatory for unlisted companies to issue new shares only in the dematerialised form, senior officials said, amid intensified efforts to fight the black money Besides, the unlisted corporates would have to ensure that shares are transferred only in dematerialised (demat) or Initially, these regulatory requirements, expected to be effective from the first […]

RBI must ensure greater participation of banks in gold imports: NITI Aayog

RBI must ensure greater participation of banks in gold imports: NITI Aayog

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} The RBI should ensure greater participation by for import of gold to assure necessary supply of the to exporters, a report by government think tank Aayog has suggested. A Aayog committee, headed by its Ratan P Watal, also recommended that the design of Duty Drawback Scheme for gold imports needs to be reviewed and changed to ensure full […]

Corp Affairs ministry seeks details from Jet Airways on ‘certain issues‘

Corp Affairs ministry seeks details from Jet Airways on ‘certain issues‘

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} The has sought details from crisis-hit about certain issues as well as from its auditors on the postponement of quarterly results, a senior official said. The full-service carrier, whose board is scheduled to consider the financial results for the June quarter on Monday, is exploring ways to reduce costs amid financial woes. A senior ministry official said the […]

Asian Games 2018: Saina Nehwal enters semifinals, assured of medal

Asian Games 2018: Saina Nehwal enters semifinals, assured of medal

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} India's top shuttler assured herself of at least a bronze after progressing to the women's singles semifinals, knocking out world no 5 Ratchanok Intanon at the 18th Asian Games, here today. Saina fell behind 3-8 at the beginning in the opening game but found a way to beat the Thai player 21-18 21-16 in the quarterfinal, which lasted […]

Worst for rupee seems to be over; likely range 67-68/USD by Dec: HDFC Bank

Worst for rupee seems to be over; likely range 67-68/USD by Dec: HDFC Bank

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} The rupee has suffered significant losses this year but the worst seems to be over and the domestic is expected to be in the range of 67-68 against the US dollar by December, according to an economist with The rupee ended below the 70-mark against the US dollar for the first time ever on August 16 and has […]